Financial Conduct AuthorityVerified account

@TheFCA

We regulate the UK financial services sector and aim to make markets work well Tweeting our latest news, publications, research and data

London & Edinburgh
Joined July 2010

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  1. Our 3-year strategy outlines our work, including plans for our new consumer duty.

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  2. We’ve issued 19 new to unauthorised and clone firms in the last 7 days. Protect yourself and find all recent warnings

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  3. We’ve published analysis of how much our work benefits and – we estimate that every pound spent on running the FCA currently adds £11 of public value.

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  4. Our Business Plan outlines how we will deliver key outcomes this year, and how we will measure our progress.

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  5. We are focusing on: 1. Reducing and preventing serious harm 2. Setting and testing higher standards 3. Promoting competition and positive change We’ll continue to build on the progress we’ve made in becoming more , assertive and adaptive.

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  6. In line with our new Strategy and annual Business Plan, we plan to hire 80 new people to focus on removing more problem firms from the market faster.

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  7. Apr 5

    Following years of preparation, the end of 2021 marked a major milestone in the transition away from and we welcome the smooth transition to robust alternative rates across global markets, primarily overnight risk-free or nearly risk-free rates.

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  8. We have appointed 2 new Directors of Authorisations and a new Finance Director, to join us in April and May.

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  9. Technological and the resulting explosion of were key themes in Jessica Rusu’s recent speech at the Innovation Finance Global Summit 2022

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  10. We will be hosting our first ever CryptoSprint on 10 & 11 May, engaging with the industry to inform our regulatory policy thinking. We need innovators, academics, regulators, technologists and SMEs to help inform future policy decisions. Apply now

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  11. Innovation Pathways will provide tailored regulatory support to innovative start-ups and established businesses, while also supporting firms serving gaps in the advice market

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  12. We’ve launched a new-look Innovation Hub and a unified firm support service, Innovation Pathways, that combines and enhances our direct support and advice unit services

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  13. Sberbank has entered special administration in connection with financial sanctions restricting Russian financial institutions’ activities.

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  14. We’ve issued 39 new to unauthorised and clone firms in the last 7 days. Protect yourself and find all recent warnings

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  15. Under our proposals, we want those who lost out financially after receiving unsuitable advice to get compensation through our scheme.

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  16. We publish proposals for a redress scheme for former members of the British Steel Pension Scheme (BSPS) who received unsuitable advice to transfer out of the fund.

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  17. Some scammers pretend to work for the FCA to try and find out your personal and details. We will never ask for sensitive information or ask you to transfer money. Learn how to protect yourself

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  18. We have fined asset manager GAM International Management and former Investment Director Timothy Haywood for failing to conduct its business with due care and attention and failing to adequately manage conflicts of interest.

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  19. We want to understand the existing market maturity of within and its potential for safely opening sharing between firms, regulators and other public bodies. Respond by 22 June 2022.

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  20. We are proposing a minor rule change to a technical standard on electronic reporting, following recent EU legislation on the European Single Electronic Format (ESEF).

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